Question $3$

Nunez Products Inc. uses process costing. The following information was available for the current year:

Beginning work$-$in$-$process complete$)$

Units started in the current period

Ending work$-$in$-$process $($DM $40\%,$ CC $60\%)$

If Nunez uses the weighted$-$average method of computing equivalent units and assigning produet costs,

what is the cost per equivalent unit? Also, how much cost is transferred out during the period and how

much cost is remaining in WIP ending? $($round to nearest penny$)$